Post by
fortune420 on Jun 08, 2021 9:27am
10% Dilution mentioned in RSU plan in new release.
The RSU Plan is a "rolling" plan reserving a maximum of 10% of the issued and outstanding shares of the Company at the time the RSU Plan is approved. The maximum number of RSUs issuable under the RSU Plan is fixed at 33,288,876 (being 10% of the issued and outstanding common shares as of today's date), provided however that at no time may the number of RSUs issuable under the RSU Plan, together with the number of Common Shares issuable under options that are outstanding under the Company's stock option plan ("Option Plan"), exceed 10% of the issued and outstanding common shares, calculated on a fully diluted basis, as at the date of a grant under the RSU Plan or the Option Plan, as the case may be. The Company has committed to issue an aggregate of 3,924,043 shares to the employees of Radix under the RSU Plan as determined by the board of Radix Motion.
Comment by
Pbmoney on Jun 08, 2021 6:20pm
2nd time they have a press release and sneak in dilution news.